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GOP tax bill scores against pro sports stadiums

The House GOP tax bill unveiled on Thursday would eliminate a tax break that has been regularly used to help finance the construction of new stadiums for professional sports teams.

Bottom line: This new language means that more pro team owners would need to pony up for their own facilities, as it would be much harder to convince state and municipal lawmakers to approve bond packages that are no longer tax exempt. Since 2000, there have been around $13 billion worth of tax-exempt bonds issued for stadium construction.